Property profile

4 Courthouse Ln Ste 2 Chelmsford, MA 01824

OFF-MARKET
Office Spaces
Property ID
US38-1137684
1,116 SF Built 1985
Individually Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1985
Total area 1,116 SF
Zoning code CC
APN CHEL M:0032 B:0110 L:3 U:2
UPID US38-1137684

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4 Courthouse Ln Ste, Unit 2 Chelmsford, MA 01824-1737
Chelmsford metro Census 317203 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$230k

Owner & transaction history

since 2018
7 recorded transactions
2018
$125,000
2016
$109,900
2015
$75,000
2008
Price N/A
2006
Price N/A
2002
$65,000
1997
$29,000

Zoning & alternative use

CC · Chelmsford, MA
Zoning description

These are commercial districts designed to allow the clustering of stores, offices and so on around a central parking area. These are high traffic generators usually located on major roads.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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